- American Tower has increased its full-year adjusted EBITDA forecast to a range of $7.01 billion to $7.08 billion, improving from the previous estimate of $6.89 billion to $6.96 billion.
- Projected property revenue is now expected to be between $10.14 billion and $10.29 billion, higher than the earlier forecast of $9.97 billion to $10.12 billion.
- The anticipated AFFO (Adjusted Funds From Operations) per share has been revised upwards to a range of $10.46 to $10.65 from the previous outlook of $10.35 to $10.54.
- Total AFFO projections have been adjusted to between $4.91 billion and $5.00 billion, compared to the previous range of $4.85 billion to $4.94 billion.
- American Tower‘s adjusted EBITDA for the second quarter reached $1.75 billion, slightly surpassing the estimate of $1.74 billion.
- The adjusted EBITDA margin for the second quarter was 66.7%, just below the expected 67.2% margin.
- Second quarter revenue amounted to $2.63 billion, exceeding the forecasted $2.6 billion.
- Revenue from the US and Canada for the second quarter was $1.31 billion, aligning with the estimate.
- International revenue for the second quarter was $958 million, slightly under the expected $963.7 million.
- The AFFO per share for the second quarter was reported at $2.60.
- The positive adjustments to full-year forecasts are attributed to favorable foreign currency exchange rate fluctuations and core outperformance in property revenue and adjusted EBITDA.
- Analyst recommendations are strong, with 21 buys, 5 holds, and no sells.
A look at American Tower Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Looking ahead, American Tower Corp. shows a promising long-term outlook based on Smartkarma Smart Scores. With a solid Dividend score of 4 out of 5, investors can expect to see consistent and attractive dividend payouts from the company. Additionally, the Momentum score of 4 indicates that American Tower is positioned well for future growth and performance in the market. These factors suggest that the company has the potential to deliver strong returns to investors over the long run.
American Tower Corp., a real estate investment trust specializing in wireless communications and broadcast towers in the United States, also scores decently on Growth (3), Resilience (3), and Value (2) according to the Smartkarma Smart Scores. The company’s focus on leasing antennae sites on multi-tenant towers for various wireless communications industries positions it well for steady growth and stability. Overall, American Tower‘s positive scores across different factors point towards a promising future for the company in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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